How to Stake Synthetix Network (SNX) in Australia

Earn up to
2% p.a.

What you will learn

1
How to Stake Synthetix Network (SNX)
A comprehensive guide on how to stake Synthetix Network (SNX)
2
Statistics about Synthetix Network Staking
We have a wealth of data on staking Synthetix Network (SNX) and we're pleased to share some of this with you.
3
Other coins you can stake
We present some staking options with other coins that may be of interest.

Latest Movements

missing en-au translation: common.latest-movements-copy

Market capitalisation: USD 614.86M
24-hour volume: USD 38.11M
Circulating supply: 339.47M SNX

See the latest information

Top Pairs for Synthetix Network

Important Notice

Important Notice

Introduction

Staking Synthetix Network can be a great option for those who want to hold SNX while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. Obtain Synthetix Network (SNX) Tokens

To stake Synthetix Network, you need to own it. To obtain Synthetix Network, you'll need to buy it. You can choose from these popular exchanges.

Platform	Coin	Cost
Nexo	Synthetix Network (SNX)	0.48
PrimeXBT	Synthetix Network (SNX)	0.48
YouHodler	Synthetix Network (SNX)	0.48
Binance	Synthetix Network (SNX)	0.48
BTSE	Synthetix Network (SNX)	0.48
Coinbase	Synthetix Network (SNX)	0.48

See all 69 prices

2. Choose a Synthetix Network Wallet
Once you have SNX, you'll need to choose a Synthetix Network wallet to store your tokens. Here are some great options.
3. Delegate Your SNX
We recommend using a staking pool when staking SNX. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SNX, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Begin Validation
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Synthetix Network network. You'll be rewarded with SNX for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.